Atlanticus (NASDAQ:ATLC) Sees Unusually-High Trading Volume – What’s Next?

Atlanticus Holdings Corporation (NASDAQ:ATLC) saw an uptick in trading volume on Monday . 121,630 shares traded hands during trading, an increase of 55% from the previous session’s volume of 78,439 shares.The stock last traded at $95.13 and had previously closed at $92.38.

Analysts Set New Price Targets

Several research firms have weighed in on ATLC. Zacks Research upgraded shares of Atlanticus from a “hold” rating to a “strong-buy” rating in a report on Monday, April 20th. Citizens Jmp raised their target price on shares of Atlanticus from $100.00 to $102.00 and gave the company a “market outperform” rating in a report on Tuesday, March 17th. William Blair set a $100.00 target price on shares of Atlanticus in a report on Wednesday. Weiss Ratings upgraded shares of Atlanticus from a “hold (c-)” rating to a “hold (c)” rating in a report on Thursday. Finally, Texas Capital upgraded shares of Atlanticus to a “hold” rating in a report on Wednesday, June 10th. One equities research analyst has rated the stock with a Strong Buy rating, four have assigned a Buy rating and two have assigned a Hold rating to the company’s stock. According to MarketBeat, Atlanticus presently has an average rating of “Moderate Buy” and an average target price of $101.25.

Atlanticus Trading Up 1.8%

The business’s fifty day moving average is $76.77 and its 200-day moving average is $64.90. The stock has a market capitalization of $1.42 billion, a PE ratio of 13.98 and a beta of 2.14. The company has a quick ratio of 1.24, a current ratio of 1.24 and a debt-to-equity ratio of 1.08.

Atlanticus (NASDAQ:ATLC) last released its earnings results on Thursday, May 7th. The credit services provider reported $2.23 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $1.69 by $0.54. Atlanticus had a net margin of 5.86% and a return on equity of 23.43%. The firm had revenue of $679.59 million during the quarter, compared to the consensus estimate of $749.36 million. As a group, analysts anticipate that Atlanticus Holdings Corporation will post 9.48 EPS for the current fiscal year.

Institutional Investors Weigh In On Atlanticus

A number of institutional investors have recently bought and sold shares of the stock. Murphy & Mullick Capital Management Corp purchased a new stake in Atlanticus during the third quarter worth approximately $38,000. Advisory Services Network LLC purchased a new stake in Atlanticus during the third quarter worth approximately $47,000. Jones Financial Companies Lllp purchased a new stake in Atlanticus during the first quarter worth approximately $71,000. AlphaQuest LLC grew its stake in Atlanticus by 20,442.9% during the third quarter. AlphaQuest LLC now owns 1,438 shares of the credit services provider’s stock worth $84,000 after buying an additional 1,431 shares during the period. Finally, Inspire Investing LLC purchased a new stake in Atlanticus during the first quarter worth approximately $87,000. 14.15% of the stock is currently owned by hedge funds and other institutional investors.

About Atlanticus

Atlanticus Holdings Corporation is a specialty financial services holding company that provides credit products and solutions to consumers across the United States. Through its subsidiaries, the company offers proprietary credit card programs, installment loan products and deposit accounts designed to serve customers who may have limited access to traditional credit. Atlanticus markets its offerings through a variety of channels, including direct‐to‐consumer online platforms, mail order, call centers and partnerships with retail and e-commerce businesses.

The company underwrites and services credit card portfolios under private-label and co-branded agreements, combining technology‐enabled underwriting with tailored customer service.